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Bond P is a premium bond with a coupon rate of 1 1 percent. Bond D has a coupon rate of 6 percent and is

Bond P is a premium bond with a coupon rate of 11 percent. Bond D has a coupon rate of 6 percent and is currently selling at a discount. Both bonds make annual payments, have a par value of $1,000, a YTM of 8 percent, and have six years to maturity.
a. What is the current yield for Bond P and Bond D?(Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
b. If interest rates remain unchanged, what is the expected capital gains yield over the next year for Bond P and Bond D?( A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
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